Add to ORKGDoes the type of post-auction feedback affect bidding behavior in first price auctions? Filiz- Ozbay and Ozbay (2007) find that such manipulation can increase bids in a one-shot auction. They explain this as an effect of anticipated regret combined with the assumption that feedback directly affects salience of regret relative to material payoff. We revisit this important market design issue using four different auction protocols and a large sample of subjects. We do not find any systematic effect of feedback on the average bid/value ratio. This evidence indicates either the lack of anticipated regret or its manipulability by feedback in one-shot auctions
Why do bidders tend to bid higher than the risk-neutral Nash equilibrium in sealed-bid first price a...
Though many real life auctions are run independently of each other, from the bidders\u27 point of vi...
AbstractExperimental sealed-bid first-price auctions with private values in which feedback on the lo...
Does the type of post-auction feedback affect bidding behavior in the first price auction? Filiz-Ozb...
Does the type of posterior feedback affect how people decide in one-shot environments? We revisit th...
This paper demonstrates theoretically and experimentally that in first-price auctions overbidding wi...
Recent research strengthens the conjecture that human decision-making stems from a complex interacti...
While most models of auctions and competitive bidding assume that each bidder's utility for an outco...
It is generally thought that market outcomes are improved with the provision of market information. ...
On the basis of the bidding history of a panel of new eBay bidders, we examine the impact of differe...
Studies have shown that users experience regret in online electronic auctions. Our study adds to the...
This paper investigates implications of some of the well established behavioral biases to the behavi...
Apopular procurement auction format is one in which bidders compete during a live auction event buto...
Studies point out that the utility of the decision maker in the results depends on the profit. Howev...
It is generally thought that market outcomes are improved with the provision of market information. ...
Why do bidders tend to bid higher than the risk-neutral Nash equilibrium in sealed-bid first price a...
Though many real life auctions are run independently of each other, from the bidders\u27 point of vi...
AbstractExperimental sealed-bid first-price auctions with private values in which feedback on the lo...
Does the type of post-auction feedback affect bidding behavior in the first price auction? Filiz-Ozb...
Does the type of posterior feedback affect how people decide in one-shot environments? We revisit th...
This paper demonstrates theoretically and experimentally that in first-price auctions overbidding wi...
Recent research strengthens the conjecture that human decision-making stems from a complex interacti...
While most models of auctions and competitive bidding assume that each bidder's utility for an outco...
It is generally thought that market outcomes are improved with the provision of market information. ...
On the basis of the bidding history of a panel of new eBay bidders, we examine the impact of differe...
Studies have shown that users experience regret in online electronic auctions. Our study adds to the...
This paper investigates implications of some of the well established behavioral biases to the behavi...
Apopular procurement auction format is one in which bidders compete during a live auction event buto...
Studies point out that the utility of the decision maker in the results depends on the profit. Howev...
It is generally thought that market outcomes are improved with the provision of market information. ...
Why do bidders tend to bid higher than the risk-neutral Nash equilibrium in sealed-bid first price a...
Though many real life auctions are run independently of each other, from the bidders\u27 point of vi...
AbstractExperimental sealed-bid first-price auctions with private values in which feedback on the lo...